Duly noted, B-Net. Pretty naive, eh?
The thing that irks me is how people will make statements without having much data to support what they are arguing for or against.
Here are some numbers for yall from the IRS in 2007:
The top 1% (1,410,710) of tax return filers earned 23% of the income* and paid 40% of the federal government's revenue from personal income taxes. Their effective tax rate was 22%.
The next 4% (5.6M) earned 15% of the income , paid 20% of the taxes for a tax rate of 18%.
6% to 10% (7M) earned 11%, paid 11% for a tax rate of 13%.
Then we get into the larger number of people.
21M taxpayers (21% of the total) earned* around $100K in 2007. They contributed 15% in income taxes to the federal government. Their tax rate was about 9%.
35M (19%) of us earned around $50K, and our share was 11% of the federal government's revenue. Our tax rate was 7%.
Add that up and you will find that some 70 million of us- 50% of those filing, accounted for 88% of the reported income and paid 97% of the taxes. The tax burden was 14% overall.
50% of filers, with incomes below about $33K, earned 12% of the total income* and paid 3% of the income taxes. The effective tax rate was also 3%.
*The IRS, in its review, starts not with income, but with adjusted gross income. That excludes income from capital gains, dividends and municipal bond